5 NFT Startups Investors are Flocking To

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1. Alchemy

Alchemy is a platform that helps firms build quality decentralized applications. It was founded in 2017 by Joseph Lau and Nikil Viswanathan. The startup is headquartered in San Francisco. It has so far raised close to $14 million in funding over four rounds. The latest round, held in April, brought in $80 million. The company has a total of 46 investors so far. These include Coatue, Stanford University, and Jerry Yang, among others. The company is valued at over $500 million, according to technology news publication TechCrunch

On August 9, crypto news platform CoinSpeaker reported that Alchemy had launched virtual crypto cards in partnership with big payments firms like Visa and Mastercard. Alchemy holds the honor of powering the digital token sold by artist Beeple for a record-breaking $69 million in the most expensive NFT sale of all time. 

You can also take a peek at 10 Companies that Benefit From Crypto Mining and 10 Best Blue Chip Dividend Stocks Hedge Funds are Buying.

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